New York Gov. Andrew Cuomo says the economically distressed city of Buffalo will get $1 billion in incentives for employers to lift the city out of its third-place national poverty ranking behind only Detroit and Cleveland.
Cuomo says the state incentives stretched out over several years will be used to draw employers the same way high-tech companies were attracted to the Albany area with tax breaks and grants.
He says the state will empower the Buffalo Regional Council to develop a plan to create thousands of jobs.
Cuomo's State of the State address on Wednesday again calls for a second round of competitive grants to attract and retain employers statewide.